[greekfire]

It isn’t exactly like 2005, of course. But it feels like it with the way the market and economy are still being manipulated and we are being told that things are recovering and now’s the time to buy.

[greekfire]

It isn’t exactly like 2005, of course. But it feels like it with the way the market and economy are still being manipulated and we are being told that things are recovering and now’s the time to buy.

[greekfire]

It isn’t exactly like 2005, of course. But it feels like it with the way the market and economy are still being manipulated and we are being told that things are recovering and now’s the time to buy.

[greekfire]

I couldn’t agree more with DWCAP. Zillow’s Zestimate is a complete sham IMO. When it first came out I was pumped and thought it would be a great way to get a free-market valuation of a property. Experience has taught me, however, that the non-sensically gross over/undervaluations from Zillow’s Zestimate make it less credible than even the plain-vanilla median valuation.

Supply and demand (read: a free-market) in housing is non-existent and hasn’t been in existence for a while. Government intervention, banker/broker/realtor/appraiser shenanigans, and media compliance, among other things, have created the real estate conflagration that we are in today.

This is not a recovery in real estate or the even the greater economy for that matter. This is Piggington circa 2005 all over again.

[greekfire]

I couldn’t agree more with DWCAP. Zillow’s Zestimate is a complete sham IMO. When it first came out I was pumped and thought it would be a great way to get a free-market valuation of a property. Experience has taught me, however, that the non-sensically gross over/undervaluations from Zillow’s Zestimate make it less credible than even the plain-vanilla median valuation.

Supply and demand (read: a free-market) in housing is non-existent and hasn’t been in existence for a while. Government intervention, banker/broker/realtor/appraiser shenanigans, and media compliance, among other things, have created the real estate conflagration that we are in today.

This is not a recovery in real estate or the even the greater economy for that matter. This is Piggington circa 2005 all over again.

[greekfire]

I couldn’t agree more with DWCAP. Zillow’s Zestimate is a complete sham IMO. When it first came out I was pumped and thought it would be a great way to get a free-market valuation of a property. Experience has taught me, however, that the non-sensically gross over/undervaluations from Zillow’s Zestimate make it less credible than even the plain-vanilla median valuation.

Supply and demand (read: a free-market) in housing is non-existent and hasn’t been in existence for a while. Government intervention, banker/broker/realtor/appraiser shenanigans, and media compliance, among other things, have created the real estate conflagration that we are in today.

This is not a recovery in real estate or the even the greater economy for that matter. This is Piggington circa 2005 all over again.

[greekfire]

I couldn’t agree more with DWCAP. Zillow’s Zestimate is a complete sham IMO. When it first came out I was pumped and thought it would be a great way to get a free-market valuation of a property. Experience has taught me, however, that the non-sensically gross over/undervaluations from Zillow’s Zestimate make it less credible than even the plain-vanilla median valuation.

Supply and demand (read: a free-market) in housing is non-existent and hasn’t been in existence for a while. Government intervention, banker/broker/realtor/appraiser shenanigans, and media compliance, among other things, have created the real estate conflagration that we are in today.

This is not a recovery in real estate or the even the greater economy for that matter. This is Piggington circa 2005 all over again.

[greekfire]

I couldn’t agree more with DWCAP. Zillow’s Zestimate is a complete sham IMO. When it first came out I was pumped and thought it would be a great way to get a free-market valuation of a property. Experience has taught me, however, that the non-sensically gross over/undervaluations from Zillow’s Zestimate make it less credible than even the plain-vanilla median valuation.

Supply and demand (read: a free-market) in housing is non-existent and hasn’t been in existence for a while. Government intervention, banker/broker/realtor/appraiser shenanigans, and media compliance, among other things, have created the real estate conflagration that we are in today.

This is not a recovery in real estate or the even the greater economy for that matter. This is Piggington circa 2005 all over again.

[greekfire]

Hehe. Let not your heart be troubled. We are going through the exact same thing. The best word I can use to describe it is “shenanigans”. Isn’t it ironic that just a few years ago the banks were tripping over one another to over-leverage and loan money willy-nilly to anyone with a heartbeat? Fast forward to today – the banks have received their bailout funds to cover previous mistakes; yet they won’t loan it to anybody unless they fall into their Dixie-cup criteria.

There was a time when this Dixie-cup criteria was the norm, and I understand the reasoning for it. We’ve grown so accustomed to easy credit over the years that we don’t know which way is up or down.

My advice is to bear down, stay the course, and be patient. If you have an uptick in income or assets and can afford to put it down long on a property, then go for it. We could be in for another 1979-1980 style correction that brings rapid interest rate increases which will reduce home prices, rampant inflation might occur, or perhaps something in between will take place.

Stay liquid my friend.

[greekfire]

Hehe. Let not your heart be troubled. We are going through the exact same thing. The best word I can use to describe it is “shenanigans”. Isn’t it ironic that just a few years ago the banks were tripping over one another to over-leverage and loan money willy-nilly to anyone with a heartbeat? Fast forward to today – the banks have received their bailout funds to cover previous mistakes; yet they won’t loan it to anybody unless they fall into their Dixie-cup criteria.

There was a time when this Dixie-cup criteria was the norm, and I understand the reasoning for it. We’ve grown so accustomed to easy credit over the years that we don’t know which way is up or down.

My advice is to bear down, stay the course, and be patient. If you have an uptick in income or assets and can afford to put it down long on a property, then go for it. We could be in for another 1979-1980 style correction that brings rapid interest rate increases which will reduce home prices, rampant inflation might occur, or perhaps something in between will take place.

Stay liquid my friend.

[greekfire]

Hehe. Let not your heart be troubled. We are going through the exact same thing. The best word I can use to describe it is “shenanigans”. Isn’t it ironic that just a few years ago the banks were tripping over one another to over-leverage and loan money willy-nilly to anyone with a heartbeat? Fast forward to today – the banks have received their bailout funds to cover previous mistakes; yet they won’t loan it to anybody unless they fall into their Dixie-cup criteria.

There was a time when this Dixie-cup criteria was the norm, and I understand the reasoning for it. We’ve grown so accustomed to easy credit over the years that we don’t know which way is up or down.

My advice is to bear down, stay the course, and be patient. If you have an uptick in income or assets and can afford to put it down long on a property, then go for it. We could be in for another 1979-1980 style correction that brings rapid interest rate increases which will reduce home prices, rampant inflation might occur, or perhaps something in between will take place.

Stay liquid my friend.

[greekfire]

Hehe. Let not your heart be troubled. We are going through the exact same thing. The best word I can use to describe it is “shenanigans”. Isn’t it ironic that just a few years ago the banks were tripping over one another to over-leverage and loan money willy-nilly to anyone with a heartbeat? Fast forward to today – the banks have received their bailout funds to cover previous mistakes; yet they won’t loan it to anybody unless they fall into their Dixie-cup criteria.

There was a time when this Dixie-cup criteria was the norm, and I understand the reasoning for it. We’ve grown so accustomed to easy credit over the years that we don’t know which way is up or down.

My advice is to bear down, stay the course, and be patient. If you have an uptick in income or assets and can afford to put it down long on a property, then go for it. We could be in for another 1979-1980 style correction that brings rapid interest rate increases which will reduce home prices, rampant inflation might occur, or perhaps something in between will take place.

Stay liquid my friend.

[greekfire]

Hehe. Let not your heart be troubled. We are going through the exact same thing. The best word I can use to describe it is “shenanigans”. Isn’t it ironic that just a few years ago the banks were tripping over one another to over-leverage and loan money willy-nilly to anyone with a heartbeat? Fast forward to today – the banks have received their bailout funds to cover previous mistakes; yet they won’t loan it to anybody unless they fall into their Dixie-cup criteria.

There was a time when this Dixie-cup criteria was the norm, and I understand the reasoning for it. We’ve grown so accustomed to easy credit over the years that we don’t know which way is up or down.

My advice is to bear down, stay the course, and be patient. If you have an uptick in income or assets and can afford to put it down long on a property, then go for it. We could be in for another 1979-1980 style correction that brings rapid interest rate increases which will reduce home prices, rampant inflation might occur, or perhaps something in between will take place.

Stay liquid my friend.

[greekfire]

[quote=outtamojo]You know, forecasts are a lot like…never mind. Key is, as was traditionally, employment imo. Took me awhile but perusing SEH, I just realized there is virtually nothing for sale there that is not contingent already and it looks like most builders are closing out.[/quote]

Speaking of SEH and unemployment – just heard that a friend and homeowner in SEH was laid off from a big local company and is thinking about moving out of state. Not sure if this falls into CNN’s projections or not.

[greekfire]

[quote=outtamojo]You know, forecasts are a lot like…never mind. Key is, as was traditionally, employment imo. Took me awhile but perusing SEH, I just realized there is virtually nothing for sale there that is not contingent already and it looks like most builders are closing out.[/quote]

Speaking of SEH and unemployment – just heard that a friend and homeowner in SEH was laid off from a big local company and is thinking about moving out of state. Not sure if this falls into CNN’s projections or not.

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